Whether the firms in an oligopoly act independently or interdependently. Concept Introduction: Oligopoly refers to a market which is dominated by a small number of large sellers (oligopolists). Oligopoly has its own market structure.

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Chapter 10, Problem 5P

To determine

Whether the firms in an oligopoly act independently or interdependently.

Concept Introduction:

Oligopoly refers to a market which is dominated by a small number of large sellers (oligopolists).

Oligopoly has its own market structure.

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